The global smart home market is expected to be valued at USD 137.91 Billion by 2023, growing at a CAGR of 13.61% between 2017 and 2023.

The years considered for the study are as follows:

Base year: 2016

Projected year: 2023

Forecast period: 20172023

The following are the major objectives of the study.

To define, describe, and forecast the global smart home market on the basis of application, product, services & software, and geography

To analyze the market structure by identifying various sub-segments of the market

To forecast the market size of the smart home market, in terms of value, for various segments with respect to four main regionsNorth America, Europe, APAC, and RoW

The qualitative aspect of the technologies and protocol used in smart homes has been studied

To strategically analyze the micro-markets with respect to the individual growth trends, future prospects, and contribution to the overall market

To identify the major market trends and factors driving or preventing the growth of the smart home market and its various sub-markets

To analyze the value chain analysis of the market

To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart home ecosystem

To strategically profile the key players in the smart home market and comprehensively analyze their market shares and core competencies in each segment

To analyze competitive developments such as alliances, joint ventures, and mergers and acquisitions in the market

During this research study, the major players operating in the smart home market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used. To estimate the sizes of other individual markets, percentage splits obtained from secondary sources such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, along with primary respondents, have been used. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region, conducted during the research study.

4 Premium Insights (Page No. - 41) 4.1 Attractive Opportunities in the Smart Home Market 4.2 Smart Home Market, By Application 4.3 Smart Home Market, By Application and Region 4.4 Smart Home Market, By Region 4.5 Smart Home Market, By Software and Service

Table 1 Average Energy Saving Potential of Lighting ControlsTable 2 Smart Home Market, By Application, 20142023 (USD Million)Table 3 Smart Home Market, By Application, 20142023 (Thousand Units)Table 4 Smart Home for Lighting Control, By Product, 20142023 (USD Million)Table 5 Smart Home for Lighting Control, By Region, 20142023 (USD Million)Table 6 Smart Home for Lighting Control, By Type, 20142023 (Thousand Units)Table 7 Smart Home for Lighting Control, By Region, 20142023 (Thousand Units)Table 8 Smart Home for Security and Access Control, By Product, 20142023 (USD Million)Table 9 Smart Home for Security and Access Control, By Region, 20142023 (USD Million)Table 10 Smart Home for Security and Access Control, By Product, 20142023 (Thousand Units)Table 11 Smart Home for Security and Access Control, By Region, 20142023 (Thousand Units)Table 12 Market for Security and Access Control for Video Surveillance, By Type, 20142023 (USD Million)Table 13 Market for Security and Access Control for Video Surveillance, By Region, 20142023 (USD Million)Table 14 Market for Security and Access Control for Access Control, By Product, 20142023 (USD Million)Table 15 Market for Security and Access Control for Access Control, By Region, 20142023 (USD Million)Table 16 Market for Biometric Access Control, By Product, 20142023 (USD Million)Table 17 Market for Biometric Access Control, By Region, 20142023 (USD Million)Table 18 Market for Non-Biometric Access Control, By Region, 20142023 (USD Million)Table 19 Smart Home Market for HVAC Control, By Product, 20142023 (USD Million)Table 20 Smart Home for HVAC Control, By Region, 20142023 (USD Million)Table 21 Smart Home for HVAC Control, By Product, 20142023 (Thousand Units)Table 22 Smart Home for HVAC Control, By Region, 20142023 (Thousand Units)Table 23 Smart Home Market for Entertainment & Other Controls, By Product, 20142023 (USD Million)Table 24 Smart Home for Entertainment & Other Controls, By Product, 20142023 (Thousand Units)Table 25 Smart Home for Entertainment & Other Controls, By Region, 20142023 (USD Million)Table 26 Smart Home for Entertainment & Other Controls, By Region, 20142023 (Thousand Units)Table 27 Market for Entertainment & Other Controls for Entertainment Control, By Product, 20142023 (USD Million)Table 28 Market for Entertainment & Other Controls for Entertainment Control, By Region, 20142023 (USD Million)Table 29 Market for Entertainment & Other Controls for Other Controls, By Product, 20142023 (USD Million)Table 30 Market for Entertainment & Other Controls for Other Controls, By Product, 20142023 (Thousand Units)Table 31 Market for Entertainment & Other Controls for Other Controls, By Region, 20142023 (USD Million)Table 32 Smart Home Market for Home Healthcare, By Product, 20142023 (USD Million)Table 33 Smart Home for Home Healthcare, By Product, 20142023 (Thousand Units)Table 34 Smart Home for Home Healthcare, By Region, 20142023 (USD Million)Table 35 Market for Home Healthcare, By Region, 20142023 (Thousand Units)Table 36 Smart Home Market for Smart Kitchen, By Product, 20142023 (USD Million)Table 37 Smart Home for Smart Kitchen, By Product, 20142023 (Thousand Units)Table 38 Smart Home for Smart Kitchen, By Region, 20142023 (USD Million)Table 39 Smart Home for Smart Kitchen, By Region, 20142023 (Thousand Units)Table 40 Smart Market for Home Appliances, By Product, 20142023 (USD Million)Table 41 Smart Home Market for Home Appliances, By Product, 20142023 (Thousand Units)Table 42 Smart Home for Home Appliances, By Region, 20142023 (USD Million)Table 43 Smart Home for Home Appliances, By Region, 20142023 (Thousand Units)Table 44 Smart Home for Software and Services, By Type, 20142023 (USD Billion)Table 45 Smart Home Market, By Region, 20142023 (USD Million)Table 46 Smart Home Market, By Region, 20142023 (Thousands Units)Table 47 Smart Home Market in North America, By Country, 20142023 (USD Million)Table 48 Market for Lighting Control in North America, By Product, 20142023 (USD Million)Table 49 Market for Security & Access Control in North America, By Product, 20142023 (USD Million)Table 50 Market for HVAC Control in North America, By Product, 20142023 (USD Million)Table 51 Market for Entertainment & Other Controls in North America, By Product, 20142023 (USD Million)Table 52 Market for Entertainment Control in North America, By Product, 20142023 (USD Million)Table 53 Market for Other Controls in North America, By Product, 20142023 (USD Million)Table 54 Market for Home Healthcare in North America, By Product, 20142023 (USD Million)Table 55 Market for Smart Kitchen in North America, By Product, 20142023 (USD Million)Table 56 Market for Smart Home Appliances in North America, By Product, 20142023 (USD Million)Table 57 Smart Home Market in Europe, By Country/Region, 20142023 (USD Million)Table 58 Market for Lighting Control in Europe, By Product, 20142023 (USD Million)Table 59 Market for Security & Access Control in Europe, By Product, 20142023 (USD Million)Table 60 Market for HVAC Control in Europe, By Product, 20142023 (USD Million)Table 61 Market for Entertainment & Other Controls in Europe, By Product, 20142023 (USD Million)Table 62 Market for Home Healthcare in Europe, By Product, 20142023 (USD Million)Table 63 Market for Smart Kitchen in Europe, By Product, 20142023 (USD Million)Table 64 Market for Smart Home Appliances in Europe, By Product, 20142023 (USD Million)Table 65 Smart Home Market in APAC, By Country/Region, 20142023 (USD Million)Table 66 Market for Lighting Control in APAC, By Product, 20142023 (USD Million)Table 67 Market for Security & Access Control in APAC, By Product, 20142023 (USD Million)Table 68 Market for HVAC Control in APAC, By Product, 20142023 (USD Million)Table 69 Market for Entertainment & Other Controls in APAC, By Product, 20142023 (USD Million)Table 70 Market for Home Healthcare in APAC, By Product, 20142023 (USD Million)Table 71 Market for Smart Kitchen in APAC, By Product, 20142023 (USD Million)Table 72 Market for Smart Home Appliances in APAC, By Product, 20142023 (USD Million)Table 73 Smart Home Market in RoW, By Region, 20142023 (USD Million)Table 74 Market for Lighting Control Market in RoW, By Product, 20142023 (USD Million)Table 75 Market for Security & Access Control in RoW, By Product, 20142023 (USD Million)Table 76 Market for HVAC Control in RoW, By Product, 20142023 (USD Million)Table 77 Market for Entertainment & Other Controls in RoW, By Product, 20142023 (USD Million)Table 78 Market for Home Healthcare in RoW, By Product, 20142023 (USD Million)Table 79 Market for Smart Kitchen in RoW, By Product, 20142023 (USD Million)Table 80 Market for Smart Home Appliances in RoW, By Product, 20142023 (USD Million)Table 81 Rating of Top 5 Players in the Smart Home Market, 2016

List of Figures (65 Figures)

Figure 1 Smart Home Market SegmentsFigure 2 Smart Home Market: Research DesignFigure 3 Market Size Estimation Methodology: Bottom-Up ApproachFigure 4 Market Size Estimation Methodology: Top-Down ApproachFigure 5 Estimated Size of the Global Real Estate Market (USD Trillion)Figure 6 Top 10 Countries With Higher Crime RatesFigure 7 Growth in Wireless Technologies Expected to Impact Supply SideFigure 8 Smart Home Market: Data TriangulationFigure 9 Snapshot of the Smart Home Market (USD Billion), 20142023Figure 10 Entertainment & Other Control Application to Hold the Largest Market During the Forecast PeriodFigure 11 Video Surveillance to Hold A Larger Share of the Smart Home Market for Security and Access Control By 2023Figure 12 Other Control to Hold A Larger Share of the Smart Home Market for Entertainment & Other Control By 2023Figure 13 Smart Home Market, 2016Figure 14 Smart Home Market to Grow at A Significant Rate Between 2017 and 2023Figure 15 Entertainment and Other Control Application to Hold the Largest Share of the Smart Home Market By 2023Figure 16 North America to Hold the Largest Share of the Smart Home Market in 2016Figure 17 Smart Home Market in APAC to Grow at the Highest Rate During Forecast PeriodFigure 18 Proactive Type to Hold A Larger Share of the Smart Home Market for Software and Services By 2023Figure 19 Evolution of Smart HomesFigure 20 Drivers, Restraints, Opportunities, and Challenges Pertaining to the Smart Home MarketFigure 21 Value Chain Analysis: Major Value Added During the Devices Manufacturers and Technology and Service Providers StagesFigure 22 Supply Chain of Major Players in the Smart Home MarketFigure 23 Key Industry Trends in the Smart Home MarketFigure 24 Developments in the Smart Home Market, 20142016Figure 25 Smart Home Protocols & TechnologiesFigure 26 A Simple GSM/HSPA Network Set-UpFigure 27 Wiring for DALI Fluorescent DimmingFigure 28 Lonworks Network SetupFigure 29 Wireless Communication TechnologiesFigure 30 Smart Home Market, By ApplicationFigure 31 Different Types of Lighting Control ProductsFigure 32 Occupancy Sensors to Lead the Market for Lighting Control By 2023Figure 33 North America to Lead the Market for Lighting Control in 2017Figure 34 Different Types of Security Control ProductsFigure 35 Video Surveillance to Hold the Larger Size of the Market for Security and Access Control in 2017Figure 36 Hardware to Hold the Largest Size of the Market for Video Surveillance By 2023Figure 37 Fingerprint Recognition to Hold the Largest Share of the Market for Biometric Access Control By 2023Figure 38 Different Types of HVAC Control ProductsFigure 39 Different Types of Entertainment ControlsFigure 40 Types of Other Control ProductsFigure 41 Home Healthcare, By ProductFigure 42 Types of Smart Kitchen ProductsFigure 43 North America Held the Largest Size of the Market for Smart Kitchen in 2016Figure 44 Market for Smart Kitchen in North America Registered the Highest Shipment in 2016Figure 45 Types of Home Appliance ProductsFigure 46 North America Held the Largest Share of the Market for Home Appliances in 2016Figure 47 Smart Home Market, By Software & ServiceFigure 48 Proactive Type Software & Services to Hold the Largest Share of the Smart Home Market By 2023Figure 49 Smart Home Market: Geographic Snapshot (20172023)Figure 50 Snapshot of the Smart Home in North AmericaFigure 51 Snapshot of the Smart Home in EuropeFigure 52 Snapshot of the Smart Home in APACFigure 53 Companies Adopted Product Launches Mergers & Acquisitions as Key Growth Strategies Between 2014 and 2017Figure 54 Geographic Revenue Mix of Top 5 Players, 2016Figure 55 Siemens AG: Company SnapshotFigure 56 United Technologies Corporation: Company SnapshotFigure 57 General Electric Company: Company SnapshotFigure 58 Schneider Electric Se: Company SnapshotFigure 59 Honeywell International Inc.: Company SnapshotFigure 60 Ingersoll-Rand PLC: Company SnapshotFigure 61 Johnson Controls, Inc.: Company SnapshotFigure 62 ABB Ltd.: Company SnapshotFigure 63 Legrand S.A.: Company SnapshotFigure 64 Samsung Electronics Co., Ltd.: Company SnapshotFigure 65 Acuity Brands, Inc.: Company Snapshot

The market for smart homes was valued at USD 54.97 Billion in 2016 and is expected to grow at a CAGR of 13.61% between 2017 and 2023. The key drivers contributing to the growth of this market include significant advancements in the IoT market; increasing need of the consumer for convenience, safety, and security; and rising need for energy saving and low carbon emission-oriented solutions.

The smart home market, on the basis of product, has been segmented into lighting control, security & access control, HVAC control, entertainment & other controls, home healthcare, smart kitchen, and home appliances. Lighting control held the largest share of the smart home in 2016. The growth of this market can be attributed to the capability of lighting control to reduce electricity consumption in homes as the sensors adjust the intensity of artificial light according to the intensity of natural light. Entertainment has become an important part of life as it provides relaxation and rejuvenation. The most important feature of entertainment control is the ability to integrate multi-room entertainment systems. The major controls used to control and regulate the entertainment systems in smart homes are audio, volume, and multimedia room controls. The growth of the market for audio, volume, & multimedia room controls is driven by the convenience offered by these controls for managing as well controlling the entertainment systems within a house. The advancements in wireless communication technologies is a major factor boosting the growth of the market for home theater system controls, thereby driving the overall market for entertainment controls.

North America held the largest share of the global smart home market in 2016, owing to the factors such as increasing demand for reliable home energy management systems, enhanced home security levels, and growing popularity of integration of smart devices such as tablets and smartphones in smart home solutions. The smart home in Asia Pacific is expected to grow at the highest rate during the forecast period. actors such as the strong economic growth, increasing population and improving standards of living, and rapid urbanization leading to a sophisticated infrastructure are driving the growth of the market in this region. South Korea held the largest size of the smart home in APAC in 2016. However, with the growth of the smart home industry and large-scale implementation of smart home system hardware and software solutions in China and Japan, the market in these countries is expected to grow at a higher rate than the market in South Korea during the forecast period. APAC is considered as a huge market for smart homes because of the considerable rate of implementation of various products such as lighting controls and HVAC controls in the region.

Several smart home products have reached their maturity stage in certain regions. Most of the residents in regions such as Europe and North America have been using smart thermostats, smart meters, HVAC controls, and lighting controls for a long time. As the switching cost of these products is high, consumers do not replace them soon after installation. This acts as a restraint for the market growth.

Some of the major companies profiled in the report are Siemens AG (Germany), United Technologies Corporation (US), General Electric Company (US), Schneider Electric (France), Honeywell International, Inc. (US), Ingersoll-Rand PLC (Ireland), Johnson Controls, Inc. (US), ABB Ltd. (Switzerland), Legrand S.A. (France), Samsung Electronics Co., Ltd. (South Korea), Acuity Brands, Inc. (US), Lutron Electronics Co. Inc. (US), and Leviton Manufacturing Company, Inc. (US). The products and solutions offered by Siemens AG (Germany) are preferred by various service providers and homeowners worldwide. This company is also focusing on strategic partnerships, collaborations, and product launches to grow in the market. It is also attempting to increase its sales and operations in developing economies such as China and India. Moreover, the company is concentrating on enhancing its product portfolio by actively engaging with customers to design and offer innovative products according to their requirements. All these efforts would help the company sustain its competitive position in the market in the near future

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Customization Problem Statement :

Forecasting all segments in Global Smart Homes Market to 2023.

Solution Provided:

In this customization, Market dynamics impacting the smart homes in the forecast were revised and calib....

In this customization, Market dynamics impacting the smart homes in the forecast were revised and calibrated to provide extension of market number forecast from the year 2020 to 2023.

We will customize the research for you, in case the report listed above does not
meet with your exact requirements. Our custom research will comprehensively cover
the business information you require to help you arrive at strategic and profitable
business decisions.